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  SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

  Business | August 15, 2024 16:21 IST

  State Bank of India has revised its Marginal Cost of Funds based Lending Rate, with the new rates for a three-year tenor now at 9.10 per cent, up from 9 per cent earlier. The overnight MCLR has also been increased to 8.20 per cent, from the previous rate of 8.10 per cent.

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  HDFC Bank hikes lending rates by 0.35%; second hike in two months

  Business | June 07, 2022 19:01 IST

  HDFC Bank increased its Marginal Cost of funding based on the Lending Rate by 0.35 per cent from June 7, as per the new rate structure published on its website.

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  SBI hikes MCLR by 10 basis points, second increase in a month; loan EMIs to go up

  Business | May 16, 2022 12:39 IST

  This is the second hike in a month raising the cost by 0.2 per cent with the two consecutive increases.

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  ICICI Bank cuts lending rates by 10 bps across tenors

  Business | August 03, 2020 16:58 IST

  Post the cut, EMIs on the loans linked to MCLR will come down giving relief to the borrowers.

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  SBI lowers base rate, BPLR by 30 bps; leaves MCLR unchanged

  Business | January 01, 2018 17:34 IST

  The new rates will be effective today, the bank said in a statement.

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  SBI’s home, vehicle loans get cheaper as lender announces 5bps cut in interest rates

  Business | November 02, 2017 14:47 IST

  Home loans will be available at a rate of 8.30 per cent while automobile loans can be availed at a starting interest rate of 8.70 per cent, SBI said.

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  SBI cuts benchmark lending rate by 0.05 per cent across maturities

  Business | November 01, 2017 9:34 IST

  SBI's move will trigger rate cut by other lenders. The bank had last cut the rate on Jan 1.

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  RBI Governor Urjit Patel nudges banks to reduce lending rates

  February 11, 2017 23:03 IST

  Reserve Bank of India (RBI) Governor Urjit Patel on Saturday exhorted banks to reduce their lending rates to push credit demand in laggard segments, saying banks have benefited from influx of low-cost deposits and its

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  Home, corporate loans to be cheaper as banks cut lending rates after demonetisation

  January 03, 2017 0:03 IST

  As banks move to reduce benchmark lending rates after spurt in deposits following demonetisation, housing, auto and corporate loans are all set to become cheaper.

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  Cheaper loans in 2017 as SBI, other banks slash lending rates

  January 02, 2017 12:08 IST

  SBI today cut benchmark interest rate across various maturities by 0.9 per cent, a move expected to be shortly followed by other banks.

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  SBI, other banks likely to cut lending rates in 2017: Report

  December 26, 2016 9:56 IST

  State Bank of India and a few other leading banks are expected to announce a cut in their lending rates in the first month of coming year in order give consumption a much-needed boost post demonetisation.

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  Lending rates can be cut when credit picks up: SBI chief

  December 10, 2014 8:11 IST

  Mumbai: State Bank of India (SBI) chief Arundhati Bhattacharya has said the cut in lending rates can only happen when credit picks up."What the banks are waiting for is a little bit more of a

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  SBI cuts lending rates by 0.5-3.5 pc

  June 15, 2012 20:15 IST

  Mumbai, Jun 15: Days ahead of the RBI reviewing the interest rate, State Bank of India (SBI) today announced cut in lending rates between 0.5-3.5 per cent, mainly for the small and medium enterprises (SME)

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  SBI to cut lending rates on SME loans by up to 2 per cent soon

  April 24, 2012 20:35 IST

  New Delhi, Apr 24: Close on the heels of cutting auto loans and fixed deposit rates, State Bank of India (SBI) today said it will reduce interest rates on SME (small and medium enterprises) loans